D-Wave Quantum Computing Technology Sees Surge in Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: NASDAQ.COM
- Surge in Orders: D-Wave Quantum reported bookings of $33.4 million in Q1 2026, reflecting a staggering 1,994% year-over-year increase, indicating a strong market demand for quantum computing products that could attract more investor interest.
- Technology Application: The company's quantum annealing computer specializes in optimization problems, capable of reducing multi-week manufacturing scheduling tasks to just hours, significantly cutting costs and showcasing the real-world potential of quantum computing, thereby driving industry growth.
- Diverse Clientele: Florida Atlantic University purchased a $20 million computer from D-Wave, while another Fortune 100 company entered a $10 million agreement, demonstrating the expanding applications of quantum computing across various sectors, which may lead to more orders for the company.
- Market Risks: Despite the promising outlook for D-Wave's technology, investors should exercise caution due to the high-risk nature of the quantum computing sector, suggesting a moderate investment approach or opting for quantum exchange-traded funds that include D-Wave to mitigate risks.
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Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 27.480
Low
35.00
Averages
40.67
High
48.00
Current: 27.480
Low
35.00
Averages
40.67
High
48.00
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
D-Wave Secures Second Year Funding for SQFab Project
- Funding Continuation: D-Wave Quantum Inc. has secured second-year funding from the Northeast Regional Defense Technology Hub (NORDTECH) to support its research in scalable superconducting qubit fabrication, demonstrating the company's ongoing innovation in quantum computing.
- Significant Funding Amount: The funding provides over $25 million for the SQFab project, aimed at improving materials for superconducting qubits, thereby enhancing the competitiveness of U.S. microelectronics technology in alignment with both national security and commercial applications.
- Strengthened Industry Collaboration: D-Wave is collaborating with various industry, academic, and government partners to advance the project, aiming to accelerate the manufacturing and scalability of superconducting qubits by establishing core infrastructure that stabilizes the domestic semiconductor supply chain.
- Promising Technological Innovations: The successful implementation of the SQFab project will lay the groundwork for scalable quantum error correction technologies, leveraging new materials and innovative circuit designs to promote the widespread application of quantum computing technologies, thereby bolstering U.S. leadership in critical technology sectors.
See More
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- Insider Selling Warning: Executives at IonQ, Rigetti, and D-Wave have collectively sold $931 million more in stock than they purchased over the past five years, indicating potential concerns about the companies' future prospects, which could undermine investor confidence.
- Market Performance Comparison: Despite quantum computing stocks boasting trailing returns of up to 6,217% over the past year, the ongoing insider selling behavior may suggest overvaluation, impacting the market's long-term outlook on the sector.
- Lack of Buying Interest: During the same period, insiders at IonQ spent only $3.35 million on company shares, with Rigetti and D-Wave's purchases even lower at $625,000 and $309,080 respectively, reflecting a lack of confidence in future growth.
- Valuation Bubble Risk: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting a potential risk of a market bubble burst.
See More
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- Insider Selling: Over the past five years, insiders at IonQ, Rigetti, and D-Wave have collectively sold approximately $931 million more in shares than they purchased, indicating concerns about the companies' future prospects despite the massive potential of the quantum computing market, projected to generate $850 billion in economic value by 2040.
- Overvalued Stocks: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting that market expectations for these early-stage companies may be overly optimistic, warranting caution from investors.
- Weak Insider Buying: During the same period, insiders at IonQ spent only $3.35 million on their company's shares, with even lower amounts for Rigetti and D-Wave at $625,000 and $309,080, respectively, reflecting a lack of confidence among executives regarding the companies' future performance.
- Historical Trend Warning: Over the past 30 years, many emerging trends have experienced bubble bursts, and with quantum computing still lacking widespread adoption, investors should be wary of potential market corrections, especially given the current high stock prices.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion as part of a $2 billion infusion into the quantum computing sector, aiming to accelerate the commercialization of quantum technologies, although these investments are still considered highly speculative.
- D-Wave Quantum Development: D-Wave Quantum focuses on quantum annealing technology and has begun selling its Advantage II systems to commercial clients, planning to use government funding to expedite the development of a 10,000-qubit gate-model system, aiming for breakthroughs in optimization problems to enhance its market competitiveness.
- Rigetti Computing Challenges: While Rigetti Computing's quantum systems are estimated to be 1,000 times faster than traditional technologies, the company has struggled with accuracy issues and has not yet reached Stage B of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative; government investment will be directed towards addressing its technical challenges in superconducting quantum computing.
- Infleqtion's Market Positioning: Infleqtion went public through a SPAC merger, focusing on quantum sensing and precision timing tools, securing U.S. and U.K. government clients, and plans to utilize government funding to continue developing its neutral-atom quantum systems, aiming for a two-gate fidelity of 99.9% in 2024.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion, aiming to accelerate advancements in quantum computing technology and enhance market competitiveness.
- D-Wave Quantum's Strategy: D-Wave is advancing both quantum annealing and traditional gate-based quantum computing systems, leveraging government funding to expedite the development of a 10,000-qubit gate model, which is expected to strengthen its market position in solving optimization problems.
- Rigetti's Accuracy Challenges: While Rigetti's quantum systems are estimated to be 1,000 times faster than traditional technologies, accuracy issues remain unresolved, and the company has not yet progressed to Stage B of the U.S. Defense Department's Quantum Benchmarking Initiative; government investment will be directed towards addressing these technical challenges.
- Infleqtion's Market Positioning: Infleqtion focuses on quantum sensing and precision timing tools, securing government contracts, and its neutral atom technology allows its quantum computers to operate at room temperature; government funding will support the continued development of this innovative technology.
See More
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- IonQ's Technological Edge: IonQ's trapped-ion technology led to $130 million in revenue for FY 2025, reflecting a 202% year-over-year growth, although it reported a net loss of approximately $512.1 million, showcasing strong customer demand in drug discovery and defense sectors.
- Financial Risk Comparison: By the end of 2025, D-Wave Quantum had accumulated a deficit of nearly $982 million, facing financial pressure competing against giants like IBM and Microsoft, while IonQ's deficit reached about $1.2 billion, needing to overcome significant technical and manufacturing challenges.
- Market Outlook and Investment Choice: While both companies present investment potential, IonQ emerges as the more attractive option due to its higher sales growth rate and stronger financial performance, particularly highlighted by a 755% year-over-year revenue increase in Q1 2026.
See More
D-Wave Secures Second Year Funding for SQFab Project
- Funding Continuation: D-Wave Quantum Inc. has secured second-year funding from the Northeast Regional Defense Technology Hub (NORDTECH) to support its research in scalable superconducting qubit fabrication, demonstrating the company's ongoing innovation in quantum computing.
- Significant Funding Amount: The funding provides over $25 million for the SQFab project, aimed at improving materials for superconducting qubits, thereby enhancing the competitiveness of U.S. microelectronics technology in alignment with both national security and commercial applications.
- Strengthened Industry Collaboration: D-Wave is collaborating with various industry, academic, and government partners to advance the project, aiming to accelerate the manufacturing and scalability of superconducting qubits by establishing core infrastructure that stabilizes the domestic semiconductor supply chain.
- Promising Technological Innovations: The successful implementation of the SQFab project will lay the groundwork for scalable quantum error correction technologies, leveraging new materials and innovative circuit designs to promote the widespread application of quantum computing technologies, thereby bolstering U.S. leadership in critical technology sectors.
See More
Quantum Computing Stocks Insider Selling Raises Concerns
- Insider Selling Warning: Executives at IonQ, Rigetti, and D-Wave have collectively sold $931 million more in stock than they purchased over the past five years, indicating potential concerns about the companies' future prospects, which could undermine investor confidence.
- Market Performance Comparison: Despite quantum computing stocks boasting trailing returns of up to 6,217% over the past year, the ongoing insider selling behavior may suggest overvaluation, impacting the market's long-term outlook on the sector.
- Lack of Buying Interest: During the same period, insiders at IonQ spent only $3.35 million on company shares, with Rigetti and D-Wave's purchases even lower at $625,000 and $309,080 respectively, reflecting a lack of confidence in future growth.
- Valuation Bubble Risk: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting a potential risk of a market bubble burst.
See More
Quantum Computing Stocks Ignite Investor Excitement
- Insider Selling: Over the past five years, insiders at IonQ, Rigetti, and D-Wave have collectively sold approximately $931 million more in shares than they purchased, indicating concerns about the companies' future prospects despite the massive potential of the quantum computing market, projected to generate $850 billion in economic value by 2040.
- Overvalued Stocks: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting that market expectations for these early-stage companies may be overly optimistic, warranting caution from investors.
- Weak Insider Buying: During the same period, insiders at IonQ spent only $3.35 million on their company's shares, with even lower amounts for Rigetti and D-Wave at $625,000 and $309,080, respectively, reflecting a lack of confidence among executives regarding the companies' future performance.
- Historical Trend Warning: Over the past 30 years, many emerging trends have experienced bubble bursts, and with quantum computing still lacking widespread adoption, investors should be wary of potential market corrections, especially given the current high stock prices.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion as part of a $2 billion infusion into the quantum computing sector, aiming to accelerate the commercialization of quantum technologies, although these investments are still considered highly speculative.
- D-Wave Quantum Development: D-Wave Quantum focuses on quantum annealing technology and has begun selling its Advantage II systems to commercial clients, planning to use government funding to expedite the development of a 10,000-qubit gate-model system, aiming for breakthroughs in optimization problems to enhance its market competitiveness.
- Rigetti Computing Challenges: While Rigetti Computing's quantum systems are estimated to be 1,000 times faster than traditional technologies, the company has struggled with accuracy issues and has not yet reached Stage B of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative; government investment will be directed towards addressing its technical challenges in superconducting quantum computing.
- Infleqtion's Market Positioning: Infleqtion went public through a SPAC merger, focusing on quantum sensing and precision timing tools, securing U.S. and U.K. government clients, and plans to utilize government funding to continue developing its neutral-atom quantum systems, aiming for a two-gate fidelity of 99.9% in 2024.
See More
U.S. Government Invests in Quantum Computing Firms
- Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion, aiming to accelerate advancements in quantum computing technology and enhance market competitiveness.
- D-Wave Quantum's Strategy: D-Wave is advancing both quantum annealing and traditional gate-based quantum computing systems, leveraging government funding to expedite the development of a 10,000-qubit gate model, which is expected to strengthen its market position in solving optimization problems.
- Rigetti's Accuracy Challenges: While Rigetti's quantum systems are estimated to be 1,000 times faster than traditional technologies, accuracy issues remain unresolved, and the company has not yet progressed to Stage B of the U.S. Defense Department's Quantum Benchmarking Initiative; government investment will be directed towards addressing these technical challenges.
- Infleqtion's Market Positioning: Infleqtion focuses on quantum sensing and precision timing tools, securing government contracts, and its neutral atom technology allows its quantum computers to operate at room temperature; government funding will support the continued development of this innovative technology.
See More
Race for Leadership in Quantum Computing Market Intensifies
- D-Wave Growth: D-Wave Quantum achieved $24.6 million in revenue for FY 2025, marking a 179% year-over-year increase, despite a net loss of $355.1 million, indicating its aggressive expansion and market share ambitions in quantum computing.
- IonQ's Technological Edge: IonQ's trapped-ion technology led to $130 million in revenue for FY 2025, reflecting a 202% year-over-year growth, although it reported a net loss of approximately $512.1 million, showcasing strong customer demand in drug discovery and defense sectors.
- Financial Risk Comparison: By the end of 2025, D-Wave Quantum had accumulated a deficit of nearly $982 million, facing financial pressure competing against giants like IBM and Microsoft, while IonQ's deficit reached about $1.2 billion, needing to overcome significant technical and manufacturing challenges.
- Market Outlook and Investment Choice: While both companies present investment potential, IonQ emerges as the more attractive option due to its higher sales growth rate and stronger financial performance, particularly highlighted by a 755% year-over-year revenue increase in Q1 2026.
See More
